Malaysia legislation
Section 24
Section 24
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(a)
the Corporation;
(b)
Bank Negara Malaysia;
(c)
a member institution;
(d)
a customer of Bank Negara Malaysia; or
(e)
a customer of a member institution, which he has acquired in the performance of his duties or the exercise of his functions, shall not—
(A)
give, divulge, reveal, publish, or otherwise disclose, to any person, such record, book, register, correspondence or other document whatsoever, material or information; or
(B)
make any use of such record, book, register, correspondence or other document whatsoever, material or information, unless the disclosure or use, as the case may be, is required—
(C)
under any law;
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(D)
for the performance of his duties or the exercise of his functions under this Act; or
(E)
lawfully by any court.
(2)
No person who has received or obtained any record, book, register, correspondence or other document whatsoever, material or information disclosed in accordance with subsection (1) shall disclose or make use of the same except for the specific purpose for which the record, book, register, correspondence or other document whatsoever, material or information was so disclosed to such person.
(3)
This section shall not apply to any record, book, register, correspondence or other document whatsoever, material or information which at the time of the disclosure is, or has already been made, lawfully available to the public from any source.
(4)
No person who has any record, book, register, correspondence or other document whatsoever, material or information which to his knowledge has been disclosed in contravention of subsection (1) shall in any manner howsoever disclose the same to any other person.
(5)
Where the Corporation in the course of the exercise of any of its powers, or the discharge of any of its duties or functions, under this
Act or under any law whatsoever, suspects any person to have committed any offence under this Act, or any other law whatsoever, it shall be lawful for the Corporation to give information of such commission to a police officer, or to convey any information in relation to such offence to any member institution or other person affected by such offence or to any other authority or person having power to investigate under or enforce the provision of the law under which the offence is suspected by the Corporation to have been committed.
(6)
Subsection (5) shall have full force and effect notwithstanding any inconsistency therewith or contrary thereto, in this Act or any other law.
(7)
Any person who contravenes subsection (1), (2) or (4) commits an offence and shall, on conviction, be liable to a fine not exceeding
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three million ringgit or to imprisonment for a term not exceeding three years or to both.
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